Johnson v. AmeriCredit Fin. Servs. (In re Booth)

Pre 2005-Act: 
Pre 2005-Act
Ruling: 
Trustee could not avoid lien since lienholder could invoke affirmative defense under section 547(c)(3).
Procedural posture: 
After the debtors filed for chapter 7 bankruptcy protection, plaintiff trustee brought an adversary proceeding against defendant lienholder, alleging that the lien on a vehicle constituted a preference in violation of 11 U.S.C. § 547 and was avoidable under 11 U.S.C. § 547(b). The parties cross-moved for summary judgment.
Issue: 
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